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TOKYO， April 25 (Xinhua) -- The Tokyo 2020 Olympic and Paralympic Organizing Committee decided on a new official emblem on Monday， seven months after an initial design was scrapped due to plagiarism accusations.


The new emblem， a checkered pattern in "the traditional Japanese color of indigo blue"， was designed by 46-year-old Tokyo-based artist Asao Tokolo.


It was chosen from a shortlist of four after some 14，599 entries were submitted in a contest open to the public.


Yoshiro Mori， chief of the organizing committee， said the committee had met 15 times since last September to decide on the new emblem.


The previous logo by Japanese artist Kenjiro Sano was scrapped last September over plagiarism accusations due to its similarity to the logo of a theater in Belgium.


BEIJING Scarpe Uomo Air Max 97 Bianche Nere , Sept. 18 (Xinhua) -- Chinese commercial banks recordeda smaller net foreign exchange (forex) settlement deficit in Augustas cross-border capital flows stayed balanced and stable, the forexregulator said Monday.


Commercial banks bought 141.2 billion U.S. dollars worth offoreign currencies and sold 145 billion dollars last month,resulting in net sales of 3.8 billion dollars Scarpe Uomo Air Max 97 Nere Rosse , down 75 percent fromJuly, according to the State Administration of Foreign Exchange(SAFE).


In the first eight months of this year, banks bought 1.04trillion dollars of foreign currency and sold 1.15 trilliondollars Scarpe Uomo Air Max 97 OG GS Nere Bianche , SAFE said in a statement.


The regulator said forex supply and demand in August has beenmore balanced than the previous month, while capital inflows fromtrade and investment have increased.


The willingness for market entities to sell foreign currenciesincreased while their willingness to buy hit a new low, itsaid.


In line with the net forex sales data Scarpe Uomo Air Max 97 OG GS Rosse , China's forex reservesrose for the 7th month in a row in August as the yuan gainedstrength and pressure of massive capital outflow eased, previousdata from the central bank showed.


Forex reserves reached 3.092 trillion U.S. dollars by the end ofAugust, increasing 10.8 billion dollars from a month earlier.


It is the first time the reserves have expanded seven months ina row since June 2014.